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Math·Advanced Math·Nonlinear functions
mediumJames purchased a certain baseball card on January 1. The function f(x)=75(1.04)x, where 0≤x≤10, gives the predicted value, in dollars, of the baseball card x years after James purchased it. What is the best interpretation of the statement “f(6) is approximately equal to 95“ in this context?
A
6 years after James purchased the baseball card, its predicted value is approximately 95 dollars.
B
When the baseball card’s predicted value is approximately 95 dollars, it is 6% greater than the predicted value, in dollars, on January 1 of the previous year.
C
When the baseball card’s predicted value is approximately 95 dollars, it is 6 times the predicted value, in dollars, on January 1 of the previous year.
D
From the day James purchased the baseball card to 6 years after James purchased the card, its predicted value increased by a total of approximately 95 dollars.